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Pacific Money

The 21st century is commonly referred to as the 'Pacific Century.' For such a prediction to materialize, the economies of the Asia-Pacific must lead the globe. What challenges will the region face? What nations stand to benefit most? The Diplomat's economics and business blog, Pacific Money, will try to tackle these questions and more.

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Why Vietnam’s State-Owned Electric Utility EVN is in Financial Trouble
March 07, 2023

Why Vietnam’s State-Owned Electric Utility EVN is in Financial Trouble

By James Guild
According to recent reports, the utility is posting huge losses and may run out of cash as early as May.
In China, Lawyers Don’t Need to Keep Your Secrets
March 02, 2023

In China, Lawyers Don’t Need to Keep Your Secrets

By Bonnie Girard
China has many of the trappings of a Western legal system, but lacks the substance – including a guarantee of attorney-client privilege.

Breaking Down Singapore’s 2023 Budget
March 01, 2023

Breaking Down Singapore’s 2023 Budget

By James Guild
The city-state's economic mandarins are signaling a return to normalcy after the waning of the COVID-19 pandemic.

Will China Create a New State-Owned Enterprise to Monopolize Artificial Intelligence?
February 27, 2023

Will China Create a New State-Owned Enterprise to Monopolize Artificial Intelligence?

By Shaoshan Liu
Since AI has become essential to national interest, China may not be willing to leave its development in the hands of private companies.

China’s 3 Pathways to Green Steel
February 23, 2023

China’s 3 Pathways to Green Steel

By Chin Hsueh
China’s steel industry is a crucial part of its decarbonization efforts – and thus the fate of the global fight against climate change. 
Are Foreign Investors Returning to Southeast Asia in 2023?
February 21, 2023

Are Foreign Investors Returning to Southeast Asia in 2023?

By James Guild
With regional financial markets less dependent than ever on foreign capital, a lot less is hanging on the question than in years past.

Balancing ASEAN’s Internal and External Economic Integration
February 20, 2023

Balancing ASEAN’s Internal and External Economic Integration

By Fajar Hidayat
While political crises dominate the bloc's attention, Indonesia can use its chairmanship to advance and recalibrate ASEAN's economic integration agenda.
ASEAN Needs to Prepare Now for the Future of Work
February 16, 2023

ASEAN Needs to Prepare Now for the Future of Work

By Heng Molika
Amid rapid economic and technological changes, Southeast Asian governments need to offer generous subsidies for digital upskilling.

Indonesia and Malaysia Saw Strong Economic Growth in 2022
February 14, 2023

Indonesia and Malaysia Saw Strong Economic Growth in 2022

By James Guild
Last year saw several Southeast Asian economies bounce back from the distortions and restrictions of the COVID-19 pandemic.

Malaysia, Indonesia to Dispatch Envoys to EU Over Palm Oil Dispute
February 10, 2023

Malaysia, Indonesia to Dispatch Envoys to EU Over Palm Oil Dispute

By Sebastian Strangio
The two nations hope to convince European regulators that their local certification efforts conform to the EU's rigorous new regulation on deforestation.

Rebalancing vs Decoupling: China-US Economic Ties and the Global Economy
February 10, 2023

Rebalancing vs Decoupling: China-US Economic Ties and the Global Economy

By Ronald U. Mendoza
The hyper-competitive international production chains that have long characterized Asia's economies now face a significant political recalibration.
New EU Regulation Could Hurt Small Palm Oil Producers: Watchdog
February 09, 2023

New EU Regulation Could Hurt Small Palm Oil Producers: Watchdog

By Sebastian Strangio
Joseph D'Cruz, the head of the Roundtable on Sustainable Palm Oil (RSPO), believes that Brussels' new rules could have a "human, social and developmental cost."

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